Volkswagen brand to invest €1B by 2026 in South America; targeting 40% growth in Brazil
Green Car Congress
JULY 5, 2023
By 2027, the company plans to grow by 40% in Brazil, the region’s largest market. For example, 15 new electric and flex-fuel vehicle models are being launched by 2025 alone. Hybrid vehicles will also follow in the medium-term. At the same time, Volkswagen will offer its first fully electric vehicles—the ID.4
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